Recent News

March 28, 2017

Stocks hit $17.80 per share after company announces plan Monday

 

Dominion Diamond Corporation's stocks rose again Monday after announcing it would listen to offers from potential buyers for the company.

Shares in the mining company rose after the company announced the decision in a statement Monday morning. 

March 3, 2017

The territory’s Gahcho Kué diamond mine officially began commercial production Thursday.

The mine, located 280 kilometers northeast of Yellowknife, is expected to produce around 54 million carats of rough diamonds over its lifetime.

Thursday’s announcement marks an important operational milestone and also comes slightly ahead of schedule.

February 27, 2017

187.7-carat diamond from Diavik mine on display at the Smithsonian Natural History museum in Washington

 

The Northwest Territories' biggest diamond find has been enjoying a marquee run at the most popular museum in the United States.

The 187.7-carat Foxfire diamond — the largest diamond ever found in North America — is on display at the Smithsonian National Museum of Natural History in Washington D.C.

February 7, 2017

Workers at the Gahcho Kue diamond mine discovered a 68-carat diamond, the largest gem in the mine's short history. 

Mountain Province Diamonds, one of the mine's co-owners, made the announcement Monday, saying the find is "very encouraging."

Gahcho Kue is still ramping up to full production after it launched in August. It plans to sell diamonds mined during this ramp-up period in Belgium later in February.  

February 2, 2017

Bidding is now open for the main Giant Mine remediation contract worth hundreds of millions of dollars.

There is no exact price tag for the contract — it's a competitive bidding process. But the cost of remediation is estimated at $600 million, according to the federal government tender posted online last week

January 9, 2017

Governments of Canada and the Northwest Territories investing in Canyon Creek all-season access road and other road improvements

 

Norman Wells, Northwest Territories, January 5, 2017— A thriving economy needs strategic investments in transportation infrastructure to keep people and goods moving efficiently. Investing in modern transportation infrastructure also helps create jobs and improve the quality of life of Northerners.

December 12, 2016

YELLOWKNIFE (DECEMBER 12) — A dynamic new entrant into the secondary diamond sector is poised to grow diamond manufacturing in the Northwest Territories (NWT).

 

The Government of the Northwest Territories (GNWT) has approved Almod Diamonds Limited (Almod) as an Approved NWT Diamond Manufacturer.

 

December 6, 2016

As the Deh Cho Bridge marked the fourth anniversary of its official opening on Nov. 30, the territorial government says it is on track to pay off the $202-million structure by 2046.

That is according to Ioana Spiridonica, spokesperson for the Department of Transportation.

The GNWT took out a 35-year, $165.4 million loan in bonds in 2011 to pay for the bridge which spans the Mackenzie River at Fort Providence.

November 22, 2016

YELLOWKNIFE (November 22, 2016) – The Northwest Territories (NWT) said thank you November 17 to a resource and an industry that has made it strong.

 

October 20, 2016

Bingjun Wang first dreamed of coming to Canada as an international student when he was 18-years old. But when the Shanghai native was unable to get a study permit, his hopes were dashed.

Now Wang is getting a second chance, as the first person to settle in Yellowknife through the business stream of the GNWT's nominee program for immigrants.

"It's a big decision," he said through a translator about his move to the city this August with his 14-yearold daughter.